Should there be billionaires? Chuck Collins, Oscar Mayer heir, says no

“The problem isn’t really individuals making money. The problem is having an entire system that grows the wealth of billionaires at the expense of everything else we care about — including our democracy,” writes Chuck Collins in an op-ed for CNN Business, “The US would be better off with fewer billionaires.”  Collins, who is the heir to the Oscar Mayer fortune, has long championed raising taxes on the rich and campaign finance reform, and writes extensively about inequality. Collins discusses Mike Bloomberg, the problem with philanthropy, and the many ways that billionaires undermine the middle class and democracy. (March 11, 2020 broadcast)

Chuck Collins, co-editor, Inequality.org at the Institute for Policy Studies, author, Born on Third Base

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